Zhejiang Jingxing Paper advances capital management with share repurchase program

Zhejiang Jingxing Paper Joint Stock Company Limited, through a resolution passed at its 2024 second extraordinary general meeting, initiated a share repurchase program. The company plans to utilize between RMB 80 million and RMB 150 million of its own or self-raised funds to repurchase shares at a maximum price of RMB 4.00 per share. These repurchased shares are intended for conversion into convertible corporate bonds.

As of August 31, 2025, Zhejiang Jingxing Paper has cumulatively repurchased 1,293,300 shares through concentrated bidding. This represents 0.1010% of the company's total share capital. The highest price paid per share was RMB 3.60, and the lowest was RMB 3.47, with a total transaction value of RMB 4,574,147.00 (excluding transaction fees).

The company confirmed that the repurchases were funded by its own capital and complied with the price limits and relevant laws and regulations. Zhejiang Jingxing Paper intends to continue implementing its repurchase plan as market conditions evolve and will provide timely disclosures in accordance with regulatory requirements.